HOCHSCHILD MINING PLC (HOC) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the HOCHSCHILD MINING PLC Investor Presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the Q and A tab situated in the right corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to make the following poll. And I'd now like to hand you over to Eduardo Landine, CEO. Good morning, Giselle. Good morning, everyone, and welcome to our retail presentation related to h one results 2024. I mean, the main takeaways of 2024 for the first six months is that we continue with a very strong ESG performance, especially on safety. Our revenues went up 25%, up to $392,000,000 The EBITDA went up 79% to $178,000,000 Our all in is $1,510,000,000 which is the lowest part of the range in our 2024 guidance. In terms of growth, Mararosa mine in Brazil is ramp up and is in production. Monte Do Carmo project in Brazil, the option was secured by the approval of their shareholders. Royal Opata project in Peru is progressing with their permitting process. In terms of capital discipline, we have $89,000,000 at the end of June. Our net debt is $271,000,000 and we are focused on debt repayment, growth and capital return. Continuing with ESG, as I said, safety results are very encouraging. I mean, we are not confident with these results. We will keeping we'll keep working to reduce this to zero. But I have to say that for underground miners to be in a frequency rate of 1.09 is good. Also, on the environmental perf...